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Microcap & Penny Stocks : Corporate Vision (CVIA)
CVIA 0.4800.0%Jun 30 5:00 PM EST

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To: J.R. who wrote (426)11/17/1997 11:24:00 AM
From: Wayne J.  Read Replies (1) of 6654
 
Hello! J.R.

I know this doesn't answer your question from a technical point of view, but here is the feed back that I got today regarding the CVIA sizing!

I live in Canada, the Brokers that I deal with thus far are Canadian Brokers ( both full-service? and discount Brokers!).

The feedback that I always get back from Canadian Brokers is that I should be very careful when trading Nasdaqu B.B. stocks, because they tell me that it is very difficult to get any legitimate sizing on any B.B. stock! ( I am fully aware that on the other side of the coin , that most U.S. Borkers advise U.S Residents against trading on specific Canadian Stock Exchanges--for the same reasons, lack of information, buying usually done at the offer, selling is done at the ask!)

Anyway! When I asked three different Broker representatives today about the sizing of CVIA they all said 50x50 Blocks!

I mentioned to them that was nonsense! I asked to speak to their superiors etc,--the bottom line was the old line that I have heard a million times before! " There is not much information that we can find out because the Market Makers have the Canadian Brokers , and Investors at their "WHIM!".

The discount brokers seemed to think that the major Market Maker that influences many Nasdaqu B.B. stocks as they are traded by Canadian Brokers is "HERZOG!"?????

CVIA is only my second stock that I have invested in the NASDAQU B.B.--so I am at a very elementary learning stage in understanding why I can't get a proper/actual sizing on NASDAQU B.B. Stocks!

It also looks like the Canadian Brokers had bettor get their act together, up to now they are charging outragious commission rates and providing very little in return!

And my own opinion ( with the odd exception!)-----is that the so called "Full Service Canadian Brokers" had bettor get their act together very quickly , or my hunch is that over time several Canadian Investors are going to be looking for some serious alternatives !

J.R.---I also asked for the sizing on 5 different stocks, and guess what ---Yes! The sizing was 50x50 on all of them!

Best Regards!

Wayne J.
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